NYSE$LPG

Dorian Lpg Ltd · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Dorian LPG's financial performance increased due to higher TCE rates and effective cost management.

Dorian LPG reported a strong first quarter for fiscal year 2021, with revenues of $73.2 million and net income of $12.2 million, or $0.24 per diluted share. The company benefited from increased TCE rates and strategic financial maneuvers, including refinancing debt and a sale-leaseback arrangement.

  • Revenues increased by 19.6% to $73.2 million, driven by higher TCE rates.
  • Net income was $12.2 million, or $0.24 per diluted share, compared to $6.1 million, or $0.11 per diluted share in the prior year.
  • Adjusted EBITDA reached $41.1 million.
  • The company refinanced its 2015 Facility, extending the maturity and reducing amortization.

Headline financials

Total Revenue

$73.2M

Previous: $61.2M+19.6%
EPS (adj)

$0.25

Previous: $0.22+13.6%
TCE rate

$41.2K

Previous: $29.7K+39.0%
Daily vessel operating expenses

$8.69K

Previous: $8.05K+7.9%
Capital Expenditures

-$3.66M

Previous: -$1.45M-152.8%
Free Cash Flow

$49.3M

Previous: $7.25M+580.4%
Net Income

$12.2M

Previous: $6.08M+100.3%
Operating Income

$22.5M

Previous: $20.3M+11.1%
Gross Profit

$73.2M

Previous: $61.2M+19.6%
Cash & Equivalents

$143M

Previous: $21.7M+558.2%
Total Assets

$1.7B

Previous: $1.62B+4.8%
Stock-Based Comp

$1.93M

Previous: $1.31M+47.9%

Revenue & EPS history

Dorian LPG · Revenue · Quarterly

$73.2M

Q1 2021+19.6%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.5%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-0.1%

Avg return

30 days after

41%

20 / 49 earnings

Positive

+12.7%

Q4 2026

Best reaction

-10.8%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+12.7%+9.0%-6.6%
Q3 2026-0.7%-0.1%+24.4%
Q2 2026-1.8%+0.7%-14.2%
Q1 2026-5.7%+6.2%+11.1%
Q4 2025-10.8%-2.0%+12.8%
Q3 2025-5.2%-2.0%-19.7%
Q2 2025-0.9%-7.6%-17.3%
Q1 2025-6.8%-7.6%-4.6%
Q4 2024+2.7%+7.3%-4.8%
Q3 2024-5.0%-4.2%-3.2%
Q2 2024+9.5%+6.4%+25.8%
Q1 2024-5.4%-1.3%-8.3%
Q4 2023+2.0%+1.8%+1.3%
Q3 2023+11.1%+9.5%+13.3%
Q2 2023+4.6%+2.4%+10.3%
Q1 2023-8.8%-5.1%-13.2%
Q4 2022+1.6%+2.5%-11.5%
Q3 2022+2.1%+1.8%+17.4%
Q2 2022+7.6%+3.6%-1.8%
Q1 2022-0.7%-10.8%+2.8%
Q4 2021-2.5%+0.8%-4.7%
Q3 2021+9.6%+12.3%+4.2%
Q2 2021-2.8%-1.3%+28.9%
Q1 2021+0.3%-1.1%-10.4%
Q4 2020-0.4%-0.3%-7.4%
Q3 2020-4.0%-3.4%-24.0%
Q2 2020+1.3%+2.4%+13.0%
Q1 2020+6.3%+5.5%+22.3%
Q4 2019-8.9%-7.6%+8.9%
Q3 2019+2.9%+1.4%-0.2%
Q2 2019+1.0%+3.0%-9.8%
Q1 2019-3.8%-5.6%-6.5%
Q4 2018-7.1%-5.8%-6.6%
Q3 2018+3.8%+4.7%-2.2%
Q2 2018+9.6%+10.4%-2.7%
Q1 2018-8.5%-8.9%-11.8%
Q4 2017-3.4%-2.2%+10.0%
Q3 2017+1.0%-3.6%-10.9%
Q2 2017-10.5%-7.5%+18.9%
Q1 2017-0.5%-6.0%-6.6%
Q4 2016-2.2%+0.7%-20.1%
Q3 2016-0.2%
Q2 2016+7.0%
Q1 2016-5.2%
Q4 2015-0.1%
Q3 2015-1.3%
Q2 2015+7.2%
Q4 2014-7.3%
Q1 2015-7.3%
Q2 2014

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